"There is likely to be capital gains withholding tax implications when the shares of Flipkart Singapore are sold by Softbank or other foreign investors".

SoftBank, which was an early investor in Alibaba, has committed investments of over $10 billion in India.

There are also reports that SoftBank was also in discussion with Walmart for deciding its role in Flipkart. However, he said if SoftBank decides to stay put, it will bring more equilibrium to the Flipkart board.

The Hindu Business Line on 12 April, citing data by start-up research and data analytics firm Tracxn, reported that SoftBank has invested more than $8 billion in the Indian e-commerce and internet market over the past five years.

The tax department had last week written to Bentonville-Arkansas based Walmart saying that the U.S. company can seek guidance about the tax liability under Section 195 (2) of the I-T Act.

"Despite this deterioration, the acquisition is credit positive because it provides immediate scale in India's burgeoning retail e-commerce sector and we expect that a combination of increased cash flow and debt reduction will push the RCF/net debt ratio back above our 35 per cent", said Moody's in a report.

Sources said to PTI that SoftBank is yet to take a call on exiting Flipkart.

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Lethal Weapon did get renewed with the announcement that American Pie actor Seann William Scott will be replacing Clayne Crawford. Gotham has only been averaging 3.7 million viewers and 1.2 in the 18-49 demo and wasn't expected to squeak into another year.

SoftBank Vision Fund invested about $2.5 billion in Flipkart in August a year ago after a failed attempt to orchestrate a merger with Snapdeal, which was its first bet in the Indian online retail space in 2014.

When contacted, a SoftBank spokesperson declined to comment.

Post the Walmart-Flipkart, SoftBank reportedly had a second thought about selling its entire Flipkart stake to Walmart. The agreement will effectively result in a transfer of ultimate ownership in Flipkart India to Walmart. "Walmart will have the majority with or without SoftBank".

Cutting Flipkart's massive losses while keeping Amazon India at bay, building up the company's depleted senior leadership team, retaining key middle managers and making the combination of Binny Bansal and CEO Kalyan Krishnamurthy work are some of the immediate challenges that Walmart faces.

The $16 billion deal announced between United States retail giant Walmart and India's Flipkart last week has come under the scanner of the income tax (I-T) department. The bank has not made a decision to sell its stake to Walmart.

On May 9, Walmart Inc said it is buying a 77 per cent stake in Indian e-commerce retailer Flipkart for about $16 billion, but it is yet to disclose financing plans.

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She asked whether Congress president Rahul Gandhi would investigate the issue involving a senior leader. I am wondering if for Congress party in India, we are seeing the Nawaz Sharif moment", said Sitharaman.

The MLA congratulated the nurses for choosing the career in spite of knowing the several hazardous challenges they would face. The President noted that at present, there are 1.7 nurses per 1,000 people in India, but the world average is 2.5 nurses.

Knox was a two-way tackle at Juniata College in Pennsylvania, serving as a captain on the school's undefeated 1953 team. In 2005, Knox was inducted into the Seahawks Ring of Honor in recognition of his achievements with the franchise.

Residents in the area are asked to secure trash, keep pet food inside, and report any bear sightings immediately. When the Colorado mother got outside she discovered a large black bear attempting to drag her daughter away.

Iranian Foreign Minister Javad Zarif sets off on Saturday for talks in China , Russia and Europe to see what can be salvaged. Simultaneously, the country would make preparations to restart its programme of nuclear enrichment, he added, as per CNN.

As written by Questlove via Twitter, both of 3000's parents passed within a year of each other thus explaining the title track. Andre 3000 has also joined Instagram where he uploaded an old photo of him with his mom with the caption "I love you mom".

Older kids can always make simple sugar cookies, shape them into a heart or flower, and decorate the cookies for mom . I don't always do not forget to tell my Mother how much I Love her, but when I do, it's not plastered on Facebook .

But the defeat of Islamic State and Abadi's campaign to eradicate Iraq's rampant corruption improved his standing. His list is expected to come in third place, according to the election commission source and security official.

Long range data suggests a blocking pattern will setup across the country, so the unsettled pattern may linger past the weekend. But even if it doesn't take form, the system is expected to bring heavy rain across portions of Florida over the next five days.

Following the JPC hearings, protests have been taking place on a daily basis in the Brahmaputra valley against the Bill. The state government will not take any decision that is inimical to the interests of people.

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